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STIR: STIR markets have seen significant moves lower this morning in line with a
rally in equities and a poor JGB auction.
- The Eurodollar strip has seen Whites down 1.5-5.5 ticks with the rest of the
strip generally down 7 ticks.
- The short sterling strip has steepened with Whites down 0.5-3 ticks, Reds down
3-4 ticks, Greens down 4-5 ticks and Blues down 5-5.5 ticks.
- The Euribor strip has also steepened with Whites unch to 1 tick higher, Reds
unch to 1.5 ticks lower and Greens and Blues 2-3 ticks lower.